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Advantages of Stacking Limited Health FSA with HSAs

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Some may think that enrolling in a Health Savings Account (HSA) means that you no longer can or need to participate in a Health Care flexible spending account (FSA)and that is not necessarily true in call circumstances.
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Categories: Benefits in General, Compliance, Health Care in General | Tags: Limited Health Care FSA , HSA , Health Savings Accounts , FSA

Department of Labor Republishes FMLA Forms

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The Department of Labor (DOL) has republished certain FMLA forms with a new expiration date.
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Categories: Benefits in General, Compliance, Health Care in General | Tags: FMLA , Serious Health Condition , FMLA Model Forms
The IRS has released a new version of Form 5558 used to apply for an extension on Form 5500, Form 5500-SF, Form 5500-EZ, and Form 8955-SSA.
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Categories: Benefits in General, Compliance | Tags: IRS , Form 5500 , Form 5558 , Extension

Medicare Part D Notice Deadline Approaching Soon

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Prior to the Medicare Part D annual enrollment period and no later than October 14, 2018, employers that provide prescription drug coverage must provide a notice of creditable or non-creditable coverage to Medicare-eligible individuals.
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Categories: Benefits in General, Compliance, Health Care in General | Tags: Medicare Part D , Creditable Coverage Notice , Medicare , October 14th , CMS , Model Notice
The IRS has released the final Forms 1094-B, 1095-B, 1094-C, and 1095-C for calendar year 2018 reporting with minimal changes. Employers are required to report in early 2019 for the calendar year 2018.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: Employer reporting , 1094 , 1095 , Section 6055 , Section 6056 , Employer Mandate , IRS , ALE , ACA
Hurricane Florence victims in part of North Carolina and elsewhere have until January 31, 2019, to file certain individual and business tax returns and make certain tax payments. The IRS automatically provides filing and penalty relief to any taxpayer with an IRS address of record in the disaster area. Taxpayers do not need to contact the IRS to get this relief.
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Categories: Benefits in General, Compliance | Tags: Hurricane Florence , Tax Relief , IRS , North Carolina , South Carolina
With open enrollment fast approaching for many employers, it is a good time to review what materials are necessary for open enrollment and what employer notices are required to distribute and when. Some employer notices are provided when participants first become covered under a health and welfare plan and others have an annual distribution requirement.
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Categories: Benefits in General, Compliance | Tags: Employer Notice , SPD , SMM , SAR , Medicare Part D , Notice of Creditable Coverage , COBRA , HIPAA , CHIP , Wellness , Grandfathered Status , WHCRA , Michelle's Law , ADA
Most notably a projected increase to the 2019 Health Care FSA limit of $50 or an annual maximum is $2,700 per plan year.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: Health Care FSA , Flexible Spending Account , Projected Health Care FSA Limit , $2700 per plan year , Affordable Care Act , Tax Reform , C-CPI-U , 2019
The updates for QSEHRA and Transportation benefits for 2019 are as follows:
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Categories: Benefits in General, Compliance | Tags: QSEHRA , Transit , Parking , 2019 Limits , Qualified Small Employer HRA , Transportation Plans
For purposes of the cafeteria plan nondiscrimination testing, the employer will use gross annual compensation which includes all taxable wages the employee receives from the employer, adds back any pre‐tax benefits the employee elects, as well as adds any taxable benefits the employee receives.
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Categories: Benefits in General, Compliance, Health Care in General | Tags: Cafeteria Plan , Nondiscrimination Testing , HCFSA , DCFSA , Flexible Spending Account , FSA , IRS , Annual compensation , Gross Compensation , W-2
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